North America Cyber Security Market Size & Outlook
North America cyber security market, 2018-2030 (US$M)
Related Markets
North America cyber security market highlights
- The North America cyber security market generated a revenue of USD 76,677.2 million in 2023.
- The market is expected to grow at a CAGR of 10.7% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 76,677.2 million |
| Market revenue in 2030 | USD 156,468.3 million |
| Growth rate | 10.7% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | BAE Systems PLC, Broadcom Inc, Check Point Software Technologies Ltd, Cisco Systems Inc, Fortinet Inc, International Business Machines Corp, Lockheed Martin Corp, LogRhythm, McAfee, Palo Alto Networks Inc, Proofpoint, Sophos, Trend Micro Inc |
Other key industry trends
- In terms of revenue, North America region accounted for 34.4% of the global cyber security market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 123,114.8 million by 2030.
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Cyber Security Market Scope
Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America cyber security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cyber security market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 57.67% in 2023. Horizon Databook has segmented the North America cyber security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Cyberspace is progressively expanding in North America owing to technological developments such as big data and the Internet of Things (IoT). Similarly, an increasing number of SMEs and major IT hubs in the region are contributing to the need for more effective cybersecurity measures to be put in place.
SMEs are increasingly adopting cloud solutions to reap benefits such as improved business efficiency, cost efficiency, and flexibility. However, this is expected to lead to new security-related issues concerning the network and security of organizational systems.
Various forms of cybercrimes are emerging in the region, leading to business interruptions and financial losses. Furthermore, increasing investments in defense activities are expected to fuel the demand for cybersecurity solutions in North America over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America cyber security market , including forecasts for subscribers. This continent databook contains high-level insights into North America cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America cyber security market size, by country, 2018-2030 (US$M)
North America Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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